GBPUSD: QUARTERLY SHORT REVIEW
The entry level for sell trades is at 1.3000, and a local signal has already been received on SEP 01 2020.
DEC 30, 2019, number of positions began to increase sharply, crossed the zero line upwards, global downtrend began.
APR 24, 2020, number of positions began to decline sharply, breaking the zero line downwards, global upward trend began.
AUG 21, 2020, number of positions crossed the zero line upwards and began to increase, which, as expected provoked decline.
SEP 01, 2020, moved within the long-term Expanding formation pattern, almost reaching its resistance line, which was a reversal level.
DEC 30, 2019, number of positions began to increase sharply, crossed the zero line upwards, global downtrend began.
APR 24, 2020, number of positions began to decline sharply, breaking the zero line downwards, global upward trend began.
AUG 21, 2020, number of positions crossed the zero line upwards and began to increase, which, as expected provoked decline.
SEP 01, 2020, moved within the long-term Expanding formation pattern, almost reaching its resistance line, which was a reversal level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.